NEHAWU Calls on the GEPF to thoroughly Clarify the Implementation of Revised Actual Interest Factors
Wednesday October 15, 2025
As NEHAWU, we have been inundated with queries from members and workers about the drastic changes they have noted on the pension fund statements after the GEPF had implemented these revised actual interest factors without an extensive consultation with the real owners of GEPF.
The implementation of the revised actual interest factors has caused panic and anxiety amongst our members and workers generally in the Public Service in relation to their pensions. The importance of a pension fund can never at any given moment be understated in creating social security for our members and workers.
The union calls on the GEPF to be ethical, truthful and maintain good governance practices, not misrepresent or withhold information to which workers are entitled to as the owners of the pension fund. Workers deserve to know all the information relating to their hard earned pension funds.
We note the assertion by the GEPF that the matter was presented at the PSCBC, however as NEHAWU, we want to categorically state that we were not party to any agreement at the council and would never agree to anything that tempers with the pensions of our members and workers without them. So, as a mandate driven union, we take mandate from members.
As NEHAWU, we remain unwavering and consistent in rejecting anything that will erode the value of workers’ pension funds.
The union has requested a council meeting at the PSCBC on the matter so that GEPF clarify what is in the public domain.
Lastly, we reiterate our call for GEPF to provide a clear explanation on the implementation of revised actual interest factors.
END
Issued by NEHAWU Secretariat
Zola Saphetha (General Secretary) at 082 558 5968;
December Mavuso (Deputy General Secretary) at 082 558 5969;
Lwazi Nkolonzi (NEHAWU National Spokesperson) at 081 558 2335 or email: lwazin@nehawu.org.za
Visit https://www.nehawu.org.za
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